Knowledge is power, and knowing your revenue cycle risks empowers you to control the threats to your financial, compliance and operating performance. To help give you this knowledge, Protiviti starts with interviews of administration and process owners to identify your risk areas. We then use that information to develop process maps to visualize the revenue cycle processes. This creates a platform for identifying your risk areas and the mitigating controls. Next, we develop a Risk and Control Matrix to identify control gaps that threaten to undermine your performance. Then we collaborate with you to create cost-effective, workable control solutions. Finally, we test those controls to ensure that they are working properly and adjust as necessary. Throughout our approach, we look for opportunities to improve your organization across the six key elements of infrastructure.

The result is the acceleration of your revenue cycle performance without the high costs of extensive re-engineering. Unlike the many quick fixes available, effective internal controls mean sustainable performance improvement. Procedures are documented and standardized. Resources are well trained and allocated effectively and efficiently. Information is available when needed. This is the kind of performance that delivers the results you need to achieve your objectives.

• Tightens controls around your existing revenue cycle processes and systems without the high cost of extensive re-engineering.
• Enhances revenues.
• Minimizes compliance risks.
• Aligns with electronic health records.
• Aligns with Sarbanes-Oxley efforts.
• Prepares your organization for future audits across the revenue cycle.